St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-12
JAY DOESN'T KNOW HER
That is to Say, He Seems Anything But
Intimate With the Goddess
of Truth.
For Some Days Gould Has Denied Any
Connection With the Baltimore &
Ohio Deal,
AND Now IT is Stated Positively That
He is One of the Prime
Movers.
Two Sets of Reports Regarding the
Big Trade.- Local hallway
News.

NEW DIRK, March 1.-THE following
statement is made by one of the syndicate
which Is about to acquire the control of the
Baltimore Il Ohio: President Garrett has
granted an extension of time in which to
take up the majority of the stock, and he
VIII not hold out on techncalities either re-
gardlng the exact terms or time. There is
no option given TO any one person, but a
written agreement is in this city giving a
certain party the right to buy the stock and
this party, although not mentioned in the
contract, is clearly understood by both MIR.
Garrett and the parties conducting the
negotiations. The price is not more than
200, but whether it is less or not. will not
say. Mr.. Garrett will be represented in the
syndicate and Mr.. Gould will also be repre-
sented there. The sale of the property
when eliminated will bring about settle
ment of the question of
ENTERING NEW YORK CITY
and the telegraph and express lin eS will be
sold. Mr.. Sully has the same interest as
before in the syndicate and all interests are
working in harmony. The stock will be
paid for in cash, which will require to be
subscribed at once or loaned by the First
National bank, DreXel. Morgan & Co., or
Winslow, Lanier & Co., who will issue
negotiable certificates for it. The proba-
bility at present, however, is that the nec-
essary cash will be subscribed. The forma-
ton OF new company is not contemplated
The securities may ultimately be sold to
the Richmond Terminal company. but at
higher price than that paid by the syndi-
cate.
STATEMENTS FROM BALTIMORE.
BALTIMORE. March IA private dis
mo- Tnh in oit
from New York says the deal is not off and
that it will be consummated. The follow
ing has just been issued from the Baltimore
II Ohio railroad office:
Mr.. Garrett's attention was called to the
newspaper reports regarding the proposed
railroad arrangements. He refused to talk
further upon the subject, but sand whatever
arrangements were made would commend
themselves to the community at Baltimore
and be recognized as protective, wise and
valuable 10 all the interests involved.
1t seems to be generally believed here
that the great railroad deal is practically off
as Tar as Mr.. Sully is concerned. and the
reason is given that he was unable to raise
the necessary amount of money in the time
given him, but no one can be found to eX-
press the opinion that great scheme is
not being hatched. A gentleman known to
be i'll the confidence of Mr.. Garrett, tonight
stated that another and
MORE POWERFUL PARTY
has made its appearance and that the sec
ond Richmond would no doubt be victor
ious. Austin Corbin is known to be in
Washington Tonight. Robert Garrett is
also there. and it is not improbable that
they will come together. The result of the
Interview will. no doubt, have considerable
effect on the now complicated situation
That Jay Gould has become interested in
the scheme is no longer matter of doubt,
and all the money required will be forth
coming. DreXel & Co. and other wealthy
firms are believed to be working with the
proposed syndicate, and the Read
ing and Jersey Central interests are
also involved. The details of the deal are
in course of preparation and an early an
nOuncement is confidently expected. Mr..
Sully is not believed to have abandoned
hope that his party will win. but it is de-
MED here that he is interested in the
panieS interested are to
POOL THEIR STOCKS
and make all entirely new issue, one gen-
tleman going so far as to say that three
shares of stock in the consolidated con-
cern would be given for one share of Balti-
more & Ohio, but that is believed to be
merely a conjecture. 1t is. however,
understood that the new deal is to effectu-
ally settle the telegraph and express diff
culties, and that the Baltimore & Ohio will
not suffer by what concessions they have to
make. Mr.. Garrett is blamed by many for
not giving some definite information OH the
subject, but his friends say he is placed in
an extremely delicate position, and that it
is impossible for him to do other than to
keep silent until his plans are more nearly
perfected. They have every confidence in
his ability to look out for the interests of
his company, and do not believe that he
will do anything to jeopardize the CONNER
cial interests of Baltimore.
WASHINGTON, March 11.-Robert Gar
Iett. president of the Baltimore & Ohio
road. Is in the city. Tonight he was en-
tertained at dinner by Baron Won Alven-
sleben, the German minister.